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by sharkweek 1254 days ago
Helpful information because as someone in the US I assumed the idea of a pension (outside of government jobs) had all but disappeared.
2 comments

These won't be "defined benefit" schemes but defined contribution schemes much more akin to your 401(k)
In the UK (and I assume Ireland), the term pension is used for more than just defined benefit pensions.
Correct, most pensions in Ireland (these days) are defined contribution. Even within the civil service / government roles it is becoming extremely rare to see defined benefit schemes.